If I am filing my return u/s 44AD (as a Individual). Now, for FY: 2020-21, I want to get my firm audited. I have paid freight and salary on which TDS was not deducted. If I get my firm audited now, do I have to also comply with TDS requirements for FY: 2020-21 or those need to be done from next FY?
At least for Salary the TDS deduction starts in the same financial year....
Once TAN obtained, you need to follow the same steps for other TDS deductions also...
In respect of tds other than salary (like 194c/h/j/i etc) if no audit was applicable during preceding year (19-20), then no need to deduct tax at source.
No such exception in respect of tds on salary.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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